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Mihai_Iacob
Dec 3, 2020 8:52 AM

Gold to challenge 1850 Long

GoldOANDA

Description

Yesterday, Gold, broke above trend line resistance and important horizontal 1820 line. A pretty good battle between bulls and bears followed and volatility was high for the next hours. In the end, bulls won and NY session closed around 1830.
That being said I will maintain my bullish bias for the yellow metal and I expect 1850 resistance to be visited.
Buy dips is my strategy for XauUsd and only a daily close under 1818 would change my outlook
Comments
Smalley_4
Do you think we could test 1795 support to build a better base?
Mihai_Iacob
@baysmalley, i will look what is doing at 1820 first.
I had a sell limit at 1845 today, missed by an inch...
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